DINAR REVALUATION

Sunday, September 24, 2023

Parliamentary calls to change the governor of the Central Bank and hold him responsible for the deterioration of the dinar, 24 SEPT

Parliamentary calls to change the governor of the Central Bank and hold him responsible for the deterioration of the dinar

9-23-2023

Parliamentary calls to change the governor of the Central Bank and hold him responsible for the deterioration of the dinarInformation/Baghdad..
On Saturday, MP Ahmed Majeed Al-Sharmani called for changing the Governor of the Central Bank, Ali Al-Alaq, and holding him responsible for the deterioration of the Iraqi dinar.

Al-Sharmani said in an interview with the Maalouma Agency, “Changing the governor of the Central Bank has become an urgent necessity,” noting that “the Central Bank has increased the harm on the citizen’s shoulders.”

He added that “the conflict in selling currency on the black market and parallel markets caused the Iraqi dinar to decline against the dollar,” pointing out that “there are fundamental errors that accompanied the work of the central bank.”

Al-Sharmani pointed out that “the House of Representatives demands its moral and constitutional responsibility and work to correct the mistakes of the Central Bank.”

Economic affairs researcher Muhammad Al-Saadi criticized the continued rise in the dollar exchange rate in the parallel market, attributing this to the presence of many speculators and financial mafias working to monopolize the markets and exchange companies with the aim of controlling the foreign currency.

almaalomah.me

Director of the Prime Minister's Media Office: The Prime Minister presented Iraq's official speech at the United Nations in the best possible way, 24 SEPT

Director of the Prime Minister's Media Office: The Prime Minister presented Iraq's official speech at the United Nations in the best possible way

9/23/2023 Economy News

Director of the Prime Minister's Media Office, Rabie Nader, confirmed today, Saturday, that Prime Minister Muhammad Shiaa Al-Sudani, over the course of six days, presented - in the best possible way - Iraq's official speech, which is based on balance, building serious economic partnerships, and building bridges of cooperation.

Nader said in a blog post on the (x) Twitter platform previously followed by “Al-Iqtisad News”: “An important and active Iraqi movement in New York, which included meetings and encounters with an unprecedented number of leaders and leaders of countries from different directions and continents, and the common link between all of them is the great desire for openness to Iraq.” And work on it.”
He added, "Over the course of six days, the Prime Minister presented - in the best possible way - Iraq's official speech, which is based on balance, building serious economic partnerships, and building bridges of cooperation."Nader continued:

He stressed that "in addition to presidents and leaders, there was clear interest from research centers and institutions, which were keen to hold seminars with the aim of listening to the convictions and policies pursued by the Prime Minister in politics, security, economics and foreign relations." LINK

Saturday, September 23, 2023

This Our RV/RI Weekend?💣Vietnam Dong = 5c to 10c?🤔Iraq Dinar RV Updates ...

"RV UPDATE" BY MARKZ, 23 SEPT

MarkZ

[via PDK] I heard he [Sudani] would be back in Iraq late this evening or early tomorrow. That is from my sources…Still waiting for confirmation. A lot of people in Iraq believe that is when we will see the rate change. It sounds plausible to me and I am very hopeful that is the case.

I saw some very impressive math in the early 2010’s. Maybe 2012 from an exceptional Iraqi source. They were pointing to a rate between $12.70 ish-$14.70 ish for the dinar based on the math for that day and time…a lot has changed since then...With values and inflation…so I could defiantly see that now. But I am preparing myself for lower…but hoping for higher. Since Vietnam and Iraq are trading partners...I feel if Iraq rate is high…then the Vietnam rate will also be high.

There is an article out that has people panicked today…”Parliament sets 3 months to restore the exchange rate of the dollar to the official rate” Do not panic about this. We saw similar articles come out of Kuwait just before they RV’d…an article came out saying they were not going to RV for at least 6 months…then bam…they did it that same day…. They are clouding it…and clouding it on purpose.

“Joint leader’s statement: Elevating United States and Vietnam relations to a comprehensive strategic partnership” So we really want to work with Vietnam. Be best buddies…It’s obvious the US is putting a lot of effort into Vietnam right now…this is a good thing. This means the US wants Vietnam to revalue and be successful.

Member Comment: ...Praying this is our last week of waiting. MarkZ: Things are looking good…that’s for certain.

In Iraq: “Parliamentarian: Baghdad and Erbil disputes prevent the adoption of the Oil and Gas law” We were also hearing this kind of thing from Kuwait before their last RV. I was always told to watch for this as a final trigger that needs to be hit right before we see RV. They are working on it. They may be releasing things like this so we don’t know if it’s already done or not.

...His [Sudani] first speech at the UN was more on the military situation, security etc…for the region. Latest reports are that he is now expected to talk again on Friday and address the UN…then hurry home...There is a lot of speculation that he will announce a rate…or that they are going international with their currency…when he gives that speech. Cross your fingers and say your prayers that this comes to fruition.

Parliamentary comment on Sudanese’s speech at the UN meeting: “It was not at the required level.”, 23 SEPT

Parliamentary comment on Sudanese’s speech at the UN meeting: “It was not at the required level.”, 23 SEPT

Hussein Al-Sabari, a member of the House of Representatives, stated that Prime Minister Muhammad Shiaa Al-Sudani’s speech during the annual United Nations meetings did not meet the expectations in terms of addressing the issues. Al-Sabari added that the Prime Minister used diplomacy and courteous language while discussing the escalating problems and issues that are being faced by Iraq.

In an interview, Al-Sabari mentioned that Al-Sudani did not provide the exact details that were supposed to be discussed during the United Nations meetings. He emphasized the importance of presenting the issues that the Iraqi people are facing before the international community.

During a conversation, he explained, “One of the reasons for not mentioning the other part of the unresolved issues is the increasing number of crises in various areas.” He also stated that “Prime Minister Muhammad Shiaa Al-Sudani’s speech did not sufficiently address all the outstanding issues.”

Al-Sabari confirms that Al-Sudani used diplomacy and courtesy to address issues and problems in Iraq during the past period, in his speech at the United Nations meetings.

The annual meetings of the United Nations, chaired by Al-Sudani, have come to a close after a series of meetings with participating country leaders. In his speech, he addressed several important topics, including the completion of development road construction and the fight against corruption. He also called for international support in these matters.

Economist For /NINA/: The Oil And Gas Law Will Contribute To Distributing The Financial Returns Of Iraqi Oil Wealth, 23 SEPT

Economist For /NINA/: The Oil And Gas Law Will Contribute To Distributing The Financial Returns Of Iraqi Oil Wealth

Saturday 23, September 2023 09:49 | Economical Number of readings: 477 Baghdad / NINA / Economic affairs expert, Raad Tawij, called for avoiding the legislation of the oil and gas law and not delving into it, attributing this to the fact that oil is an indivisible, strategic commodity.

Twig said in a statement to the National Iraqi News Agency ( NINA ): “It is best for Iraq to avoid the oil and gas law and not engage in it because it harms the whole of Iraq,” attributing this to: “Oil is an indivisible, strategic commodity, and the oil and gas law can lead to dispersion.” The value of oil wealth.

He pointed out that "several parties are involved in managing the oil wealth, which will contribute to the fragmentation of the financial returns of the oil wealth and a significant shortfall in oil revenues and revenues, which will be difficult to compensate for. The evidence of this is the inability to formulate a law that satisfies everyone, which has continued for many years."

The economic expert continued, "This law may be a reason for illegal monetary demands from Iraq to local and international parties, such as Turkish financial demands from Iraq, taking advantage of its illegal contracts with the Kurdistan region."

https://ninanews.com/Website/News/Details?key=1079316